Amy Banse, executive vice-president of US-listed cable company Comcast and head of funds for its corporate venturing unit, Comcast Ventures, will be retiring at the end of next year.

Mike Cavanagh, chief financial officer at Comcast, has taken over immediately her role overseeing Comcast Ventures leaving Banse, a Global Corporate Venturing Powerlist 2020 award winner, as a senior adviser to Comcast’s executive leadership team.

Michael Angelakis, chairman and CEO of Atairos, will advise Cavanagh and Comcast Ventures on the organisation’s strategic and financial priorities during this transition period.

Brian Roberts, chairman and CEO at Comcast, said: “I’m extremely grateful to Amy for the incredible work she has done on behalf of Comcast for so many years, from launching our cable network portfolio, to creating new opportunities for our company as we excelled through the digital age, and successfully leading our venture capital business.”

Cavanagh added: “She and her team of top investors have built an impressive portfolio bringing significant value to Comcast through both strategic insights and financial returns.”

Banse began her career at Comcast in 1991 as an in-house attorney responsible for Comcast Cable’s acquisition of programming and content.

For the past 10 years, Banse has led Comcast Ventures, expanding the team from Philadelphia to include offices in San Francisco, New York, and Los Angeles, growing the portfolio to over 100 companies and a number of exits.

In addition, she is an independent director on the boards of Adobe and Clorox.

 

Photo source of Mike Cavanagh: Comcast